We had a huge pump in 2017 which did not last for even 2 months. But look at the growth trend from February 2018. Though the price fall of bitcoin was drastically huge, it just stayed above $5000 which should be noted closely. I like this growth trend and wish this continues. Such trend will seriously bring in strong and healthy investors into the crypto market. We would certainly and undoubtedly reach minimum $25K by end of 2020 not falling back to below $20K. Kindly bring out your thoughts on it.
Even in the basic endeavor of human lives, there most sustainable form of growth is a steady one. When you see an individual who suddenly became rich without any obvious growth period, much often than not, its always a phase that would soon pass. The same thing applies to companies set up by entrepreneurs that started and in one year became the talk of the society, if we group such companies together, 90% would go under before then next 5 years not because its a curse but certain growth needs time to find a base to mature and penetrate. For bitcoin, I would subscribe fully to this steady growth that have failed all self predictors of what the price will be to the general feeling of the entire market participants.